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Suzhou Good-Ark Electronics Co., Ltd. cancelled its planned acquisition of the remaining 8% stake in AIC Semiconductor Sdn. Bhd from Atmel Corporation, AIC Corporation Berhad and AIC Technology Sdn. Bhd.
Microchip Technology signed an agreement to buy Atmel for $8.15 per share in cash and stock, with an equity value of about $3.56 billion, topping a previous offer from Dialog Semiconductor.